Sequoia Financial Advisors LLC Sells 5,945 Shares of The Charles Schwab Co. (NYSE:SCHW)

Sequoia Financial Advisors LLC trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,796 shares of the financial services provider's stock after selling 5,945 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Charles Schwab were worth $23,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Charles Schwab by 0.6% during the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock worth $432,536,000 after buying an additional 38,201 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab in the 3rd quarter worth about $25,000. United Bank lifted its stake in shares of Charles Schwab by 13.0% in the 3rd quarter. United Bank now owns 11,352 shares of the financial services provider's stock valued at $736,000 after purchasing an additional 1,309 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at about $61,000. Finally, Catalytic Wealth RIA LLC grew its stake in Charles Schwab by 91.7% during the third quarter. Catalytic Wealth RIA LLC now owns 9,768 shares of the financial services provider's stock worth $633,000 after purchasing an additional 4,672 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. Truist Financial increased their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Wells Fargo & Company raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Jefferies Financial Group increased their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and boosted their target price for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $86.33.

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Insider Activity at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 501,087 shares of company stock worth $40,952,233. Insiders own 6.60% of the company's stock.

Charles Schwab Trading Up 1.9 %

Shares of SCHW stock opened at $72.58 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $131.63 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a 50-day simple moving average of $78.42 and a two-hundred day simple moving average of $74.16.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. Research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is presently 36.12%.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.

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